to acquire the possession of, or the right to, by paying or promising to pay an equivalent, especially in money; purchase. to acquire by exchange or concession: to buy favor with flattery. to hire or obtain the services of: The Yankees bought a new center fielder. to bribe: Most public officials cannot be bought. to […]

purchasing power (def 1). Also called buying power. the ability to purchase goods and services. the value of money in terms of what it can buy at a specified time compared to what it could buy at some period established as a base: the purchasing power of the dollar.

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